SOURCE: Green Globe International, Inc.

March 13, 2008 10:59 ET

Green Globe International, Inc. Announces Purchase of Additional Percentage of Green Globe, Ltd. (UK), Owner of the Green Globe Brand

With 88% Ownership of Green Globe, Ltd. (UK), Management Plans First New Business Initiatives to Expand Use of the Green Globe Brand, the Premier Brand for Sustainable Travel, Tourism and Related Businesses

MURRIETA, CA--(Marketwire - March 13, 2008) - Green Globe International, Inc. (OTCBB: GGLB) today announced that it has increased its ownership of Green Globe, Ltd., a British company that owns the Green Globe brand, the premier brand for sustainable travel, tourism and related businesses. With the purchase of an additional 3% ownership from a minority shareholder, Green Globe International now owns approximately 88% of Green Globe, Ltd.

The company expects to purchase the remaining 12% of Green Globe, Ltd. (UK), which would be positioned as a wholly owned subsidiary of Green Globe International.

Along with the company increasing its ownership of Green Globe, Ltd., management of Green Globe International, including Board members and senior management, continues to plan the immediate business initiatives that will help to define its strategy to expand uses for the Green Globe brand worldwide.

"While we are pleased to have increased our ownership percentage of Green Globe, Ltd., the real focus of management at this time is planning our first new business initiatives that are designed to increase both the recognition of the brand itself and the revenues and fees generated for Green Globe International," Steven R. Peacock, chief executive officer of the company. "These initiatives include expansion of the current worldwide businesses associated with the Green Globe brand, a new focus for our Global Travel Exchange subsidiary, and the development of additional products and services that have not traditionally been a part of the Green Globe family of businesses.

"As these ventures are implemented, we will also respond to an ever growing number U.S. companies that are seeking to demonstrate their commitment to environmental responsibility. As a result of our acquisition of the Green Globe, Ltd. and our new focus as Green Globe International, we have been contacted by a number of entities, both within the travel and tourism industry and in other businesses, that are interested in utilizing the Green Globe brand. We look forward to working with a number of worldwide Green Globe strategic partners to grow uses of the brand in a variety of industries," added Mr. Peacock.

As a result of the acquisition of the Green Globe brand, the company will evaluate and potentially execute joint ventures, licensing agreements, partnerships, acquisitions and transactions that will spread the use of the brand and generate revenues for the company.

Green Globe International encourages all shareholders and others interested in following the progress of the company to subscribe to receive email alerts whenever new information is made public. The company's email alert system is currently located at http://www.gtrexcapital.com/investor.php. All mailing list contacts from this site will be transferred to a new Green Globe International website as soon as it is launched.

About Green Globe International, Inc.

Green Globe International, Inc. is the majority owner of Green Globe, Ltd., a British company that owns the Green Globe brand, the premier international brand for sustainable travel, tourism and related green businesses. The company also holds a majority interest in Global Travel Exchange, Inc., whose Voyager Network travel distribution platform provides a service that enables direct access to reservation systems of major travel suppliers such as airlines, cruise lines, hotels, car rental companies and providers of other travel amenities.

Safe Harbor Statement

This release contains forward-looking statements with respect to the results of operations and business of Green Globe International, Inc., which involves risks and uncertainties. The Company's actual future results could materially differ from those discussed. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the "Safe Harbors" provision of the Private Securities Litigation Reform Act of 1995.

Contact Information

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